10/10/2006

Pricing Planet Payment Features Innovative Solutions for Retailers at Shop.org’s Annual Summit

New York, NY – October 10, 2006 – Planet Payment (LSE: AIM: PPTR and PPT for Reg S and unrestricted common shares respectively), a leading multi-currency payment and data processor, will feature a new generation of Multi-Currency Pricing (MCP) and for the first time, an integrated mobile-shopping and payment solution, BuyVoice™, at Booth # 306 of Shop.org’s Annual Summit.

Multi-Currency Pricing
Planet Payment will be featuring its Multi-Currency Pricing (MCP) service which enables card-not-present merchants to display pricing and accept payment in multiple currencies, while still settling in U.S. Dollars. By providing customers with pricing in their home currency, merchants can more effectively reach international markets, and can help merchants close more international sales. Planet Payment’s MCP service leverages existing credit card infrastructure, which means the service is easy to implement and use. With Planet Payment’s MCP solution, merchants know the final US Dollar settlement amount at the time of authorization and receive funding directly from their bank, as easily as they do on domestic transactions, with no delay in funding and no wire transfer fees.
“Pricing localization is an integral part of any merchant’s international sales strategy. Planet Payment’s MCP service fills this need – simply, easily and seamlessly,” Planet Payment’s CEO, Philip Beck, said. “Planet Payment’s mission has always been to provide solutions that help merchants leverage new channels to market and that allow merchants to sell more -- more effectively.”
BuyVoice™
Planet Payment will invite Shop.org attendees to join exclusive trials of its new BuyVoice solution. This voice-enabled service transforms mobile and landline telephones into powerful new sales and payment channels – with limited investment from merchants. BuyVoice captures impulse buyers with prompts to buy featured products. Planet Payment will show attendees how shoppers can view a product in an ad, browse a storefront after hours or peruse an in-store display, then call BuyVoice at any time, and buy the item simply by asking for it. Planet Payment will demonstrate its secure voice-commerce channel and showcase their products on Planet Payment’s customizable BuyVoice™ Store.
“BuyVoice marks a new chapter in global commerce. Our new service marks the debut of the ‘voice-commerce channel’, picking up where e-commerce leaves off. We are excited to offer Shop.org attendees the chance to join in a trial of BuyVoice and see, first hand, how the technology can work for their business,” Beck said.
Merchants seeking to sign up or find out more about BuyVoice or Planet Payment’s MCP service can visit Planet Payment at booth Booth # 306, Americas Hall 1 services and can also visit the company’s web site, www.planetpayment.com.

About Planet Payment:

· Planet Payment is the trade name for Planet Group, Inc. Planet Group, Inc. was admitted to trading on the AIM market of the London Stock Exchange on 20 March 2006. . Further information on Planet Payment can be found at: www.planetpayment.com

· Planet Payment is a multi-currency payment and data processor, enabling processors, acquiring banks and their merchants to accept, process and reconcile credit card transactions in multiple currencies, allowing cardholders to view prices and settle transactions in their native currency. Planet Payment’s systems also enable it to provide enhanced data reporting and data mining to merchants who are using multiple systems in different countries.

· The Planet Payment business was established in 1999. Planet Payment is headquartered in New York and has offices in Atlanta, the United Kingdom, Singapore and Hong Kong.